Bank of England purchases long-term bonds

Bank of England purchases long-term bonds

Bank of England purchases long-term bonds In order to ease the market turmoil brought on by the incoming government’s so-called mini-budget, the Bank of England will postpone starting its planned gilt sale next week and start temporarily purchasing long-dated...
Dollar, currency slayer

Dollar, currency slayer

Dollar, currency slayer The US Dollar is continuously strengthening its position against the other currencies, as shown by the US Dollar Index, an index measuring the relative value of the Greenback against a basket of six influential currencies (Euro, Yen, Pound,...
No surprises: another hike from the ECB

No surprises: another hike from the ECB

No surprises: another hike from the ECB – On Thursday, the ECB announced a 75-bp interest rate hike, taking its benchmark deposit rate to 0.75%, aiming at ensuring “the timely return of inflation to the ECB’s 2% target”. Moreover, according to its statement,...
Italian Debt Sells Off as Draghi Resigns

Italian Debt Sells Off as Draghi Resigns

Italian Debt Sells Off as Draghi Resigns Italian financial markets sold off on Thursday as Prime Minister Mario Draghi’s resigned, bringing an end to a national unity government seen to have had a rare opportunity to bring stability and unlock the nation’s economic...
Euro vs US Dollar: PARITY!

Euro vs US Dollar: PARITY!

Euro vs US Dollar: PARITY! On Wednesday morning, the Euro hit parity with the US Dollar, as the two currencies had a 1:1 exchange rate. This was the first time since 2002, when the Euro was still a relatively “young” currency. Why? There are many reasons for the...